MARAD Issues Small Shipyard Grants

In a move to both invest in small shipyards and strengthen their competitiveness, The U.S. Department of Transportation’s Maritime Administration (MARAD) announced issued $9.8 million in grants this week.

For small shipyards varying in size—anywhere from a few dozen workers to several hundred—the Small Shipyard Grant Program provides financial assistance in total amounts of less than $1 million.

Out of the grants issued, three in particular pertained to surface preparation and coatings equipment.

Located in New London, CT, Thames Shipyard & Repair Company Inc. was awarded $191,762 to contribute to the purchase and installation of confined space preparation equipment. The Thames Shipyard has been in operation for over 100 years, and has two floating drydocks as well as new-build and maintenance capabilities for a variety of commercial vessels.

The North Charleston, SC Detyens Shipyards was awarded $466,985 to go towards a climate controlled down draft booth, as well as steel fabrication equipment. As a company, Detyens is equipped with three graving docks and has been in operation for over 50 years.

Blount Boats Inc. in Warren, RI was awarded $508,927 for painting enhancements, as well as metal working equipment and the purchase of a marine transporter.

Located in Anacortes, Washington, Dakota Creek Industries Inc. was granted $280,878 to contribute to the purchase of a steel frame bending and straightening machine, as well as a CNC router table.

Since 2008, the grant program has $174 million to 169 small shipyards, according to MARAD, which has helped improve both efficiency and productivity.

“Small shipyards play a significant role in our country’s maritime sector, which contributes to our economy, security, and infrastructure,” U.S. Transportation Secretary Elaine L. Chao said in a statement. “In addition, these grants will support local communities by creating jobs for working families.”